Former ECB Head Bullied Ireland into Bailout: Trichet “Held a Loaded Gun to Their Heads”

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Editor’s Note: Jean-Claude Trichet is a long-time Bilderberg insider who sits on its steering committee and works with the highest level of conspiratorial bankers, including the likes of the Rockefellers and Rothschilds. Trichet is the current head of the EU-branch of the Trilateral Commission, which was founded by David Rockefeller in 1973 as a vehicle of economic global domination. Now, this article clearly shows the autocratic and outright gangster methods used by bankers against governments in the wake of the 2008 global economic crisis that we’re told threatened to take down much or possibly all of Europe.

By Mac Slavo
Originally published at

The authoritarian and undemocratic nature of the European Union has once again reared its ugly head.

Former European Central Bank head Jean Claude Trichet – who stepped down in 2011 and is a Bilderberg Steering Committee member and sitting chairman of the European branch of the Trilateral Commission – refused to appear at a hearing after documents revealed his role in giving Ireland a bailout choice it couldn’t refuse:

EU bullyboy Jean Claude Trichet has snubbed calls to appear before the banking inquiry after damning letters confirmed the European Central Bank shoved Ireland into our crushing bailout.

The four letters, released after four years, revealed the ECB would pull emergency funding for Irish banks unless they accepted the €64billion bailout.


He said: “The threat to cut off liquidity from the Irish banks was in essence a threat to force Ireland out of the Euro.

“The Government was essentially left with no choice in the matter. I believe this threat was a clear breach of the obligations of the ECB to act in the interests of all the citizens that use the Euro, not least those of Ireland.


“Three years ago, Mr Trichet threatened the previous Government and the Irish people and held a loaded gun to their heads.

Even the famed movie don in The Godfather could hardly muscle a deal that big.

Those involved in the investigation are suggesting it is a dirty deal of the highest order in the interests of the dominance of the superstate:

Mr Ross said it proved Ireland was “the weakest country” that was “picked on first” by the powerful bank.

“It was an example of corporate bullying by a Central Bank of a democratically elected Government.”

The European Central Bank took on massive new powers during the post-2008 near-economic apocalypse, demanding new “emergency funds” from member states in the EU to act as a stop gap against defaults in the PIIGS countries – Portugal, Ireland, Italy, Greece and Spain – and others like it.

UKIP leader Nigel Farage outed the European Central Bank (ECB) as a dictatorship for European-wide governance back in 2011 during a floor speech.

Though various high officials are attempting to pressure Mr. Trichet to appear, the elite banking insider has flagrantly indicated his refusal to be held accountable in even a token hearing on the tectonic events of the economic disaster in Europe.

Instead, Trichet claims he is ‘not accountable’ to individual nations in Europe, but solely to the European Parliament – a decidedly undemocratic institution:

Mr Trichet told Bloomberg he had no intention of appearing before a national parliament.

Mr Trichet refused to comment on the release of the letter but referred back to his previous remarks that he was answerable to European parliament not individual national ones.

Trichet is also a former member of the board of directors for the very powerful and very quiet Bank of International Settlements, which some have argued is the ultimate in central banks around the world, as well as numerous other corporations, including the European Aeronautic Defense and Space Company (EADS), now known as Airbus, where he currently sits.

His replacement to the European Central Bank is Mario Draghi, also a Bilderberg attendee.

More about Jean Claude Trichet, the European Central Bank, Bilderberg and Global Government

From author Jurriaan Maessan, at

Both the European Central Bank and the Federal Reserve have claimed that political oversight and transparency will be somehow disastrous for their operations and, subsequently, the world economy. The rationale behind all these outrageous preconditions can be summed up with the words of Jean-Claude Trichet in 2005, the former president of the ECB and Bilderberg steering committee member:

“We Europeans know that we can deliver structural reforms: we have done that efficiently in the past. The new state of the world is only adding new reasons to proceed in a direction which has been the European strategy since the late ‘50s, and has contributed, over almost half a century, to productivity progress, prosperity and jobs.” In a prepared speech, condensed in spoken form at the Council on Foreign Relations headquarters in New York on April 26th 2010, Trichet outlines the chosen path toward “the significant transformation of global governance that we are engineering today”:

“Overall, the system is moving decisively towards genuine global governance that is much more inclusive, encompassing key emerging economies as well as industrialized countries.”

Aside from the fact he accurately paraphrases the key-ingredients of Agenda 21, Trichet mentions three distinct arms of “global governance” as envisioned by the central banks:

“The significant transformation of global governance that we are engineering today is illustrated by three examples. First, the emergence of the G20 as the prime group for global economic governance at the level of ministers, governors and heads of state or government. Second, the establishment of the Global Economy Meeting of central bank governors under the auspices of the BIS as the prime group for the governance of central bank cooperation. And third, the extension of Financial Stability Board membership to include all the systemic emerging market economies.”

Trichet’s definition of Global Governance? Just so you know who exactly the money-changers are who are now screaming for one world government at the top of their lungs, here it is:

“There are numerous definitions of global governance. In the economic and financial sphere I will propose that global governance comprehends not only the constellation of supranational institutions – including the international financial institutions – but also the informal groupings that have progressively emerged at the global level. Those informal forums (G7, G10, G20, etc.) are key in improving global coordination in all the areas where decision making processes remain national – whether in helping to work out agreed prudential standards and codes or to facilitate where appropriate, the coordination of economic macro-policies.”

Notice the importance of these “informal” gatherings in the minds of the regular attendees, described by Trichet as “key in improving global coordination”.

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